Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.2.2
Earnings Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share  
Earnings Per Share

11.   Earnings Per Share

The following table reconciles the numerators and denominators used in computations of the basic and diluted EPS for the three and nine months ended September 30, 2022 and September 30, 2021:

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

2022

2021

2022

2021

Numerator:

    

  

    

  

    

Net Income (basic and diluted)

$

10,331

$

7,924

$

25,200

$

1,000

Denominator:

 

 

 

 

Weighted-average common shares outstanding

 

164,297

 

158,045

 

163,512

 

144,305

Dilutive effect of share-based awards

 

6,579

 

9,000

 

7,046

 

9,242

Weighted-average dilutive shares outstanding

 

170,876

 

167,045

 

170,558

 

153,547

Basic earnings per share

$

0.06

$

0.05

$

0.15

$

0.01

Diluted earnings per share

$

0.06

$

0.05

$

0.15

$

0.01

Approximately 5.3 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in each of the three and nine months ended September 30, 2022 because they were antidilutive. Approximately 4.6 million and 4.3 million weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation in the three and nine months ended September 30, 2021, respectively, because they were also antidilutive.